What is capital? Even economists don't seem to agree on a
definition. Here, in this classic primer on the subject, German
economist EUGEN V. BOHM-BAWERK (1851-1914) discusses: . the nature
of capital . historical development of the concept . competing
ideas about capital . the function of capital in production . two
conceptions of value . price and the law of supply and demand .
loans and interest . and much more. First published in Germany in
1888 and in English in 1891, this intriguing work offers yet
another valuable perspective on one of the most basic and yet most
debated subjects in economics.
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